Yahoo Stock Slides After Verizon Counsel Questions Deal

Yahoo stock is sliding after Reuters reports Verizon’s generl counsel commented that there is a “reasonable basis” to believe Yahoo email data breach had a material impact on deal.

Verizon Corp’s general counsel, Craig Silliman, said on Thursday the company has a “reasonable basis” to believe that Yahoo Inc’s massive data breach of at least 500 million email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy Yahoo.